Rise Advisors LLC Takes Position in Wingstop Inc. (NASDAQ:WING)

Rise Advisors LLC purchased a new stake in shares of Wingstop Inc. (NASDAQ:WING) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 80 shares of the restaurant operator’s stock, valued at approximately $29,000.

Other hedge funds also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wingstop during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC raised its holdings in Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 40 shares in the last quarter. FSC Wealth Advisors LLC bought a new stake in Wingstop during the fourth quarter worth approximately $39,000. C M Bidwell & Associates Ltd. bought a new stake in Wingstop during the fourth quarter worth approximately $47,000. Finally, SRS Capital Advisors Inc. raised its holdings in Wingstop by 323.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 233 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 178 shares in the last quarter.

Wingstop Trading Down 4.7 %

Shares of WING stock opened at $408.69 on Friday. The company has a market capitalization of $11.97 billion, a P/E ratio of 145.44, a P/E/G ratio of 5.49 and a beta of 1.70. Wingstop Inc. has a 12 month low of $150.08 and a 12 month high of $430.20. The stock has a 50 day moving average of $385.26 and a two-hundred day moving average of $331.38.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The company had revenue of $145.70 million during the quarter, compared to analysts’ expectations of $136.34 million. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue was up 34.0% on a year-over-year basis. Sell-side analysts predict that Wingstop Inc. will post 3.4 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Thursday, May 16th. Wingstop’s dividend payout ratio (DPR) is presently 31.32%.

Analyst Ratings Changes

WING has been the topic of several recent analyst reports. Bank of America boosted their target price on Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Citigroup lifted their price target on shares of Wingstop from $375.00 to $398.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Wedbush lifted their price target on shares of Wingstop from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Truist Financial lifted their price target on shares of Wingstop from $320.00 to $345.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Wingstop from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Wingstop has an average rating of “Hold” and an average target price of $343.37.

Insider Buying and Selling

In related news, Director Kilandigalu Madati sold 645 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total value of $255,252.30. Following the completion of the transaction, the director now owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Wingstop news, Director Kilandigalu Madati sold 645 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total transaction of $255,252.30. Following the sale, the director now directly owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Albert G. Mcgrath sold 4,230 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now directly owns 8,170 shares in the company, valued at $3,238,588. The disclosure for this sale can be found here. Insiders sold 6,191 shares of company stock valued at $2,443,547 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Wingstop Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.